Robertson Stephens Wealth Management LLC Has $8.90 Million Stake in Qualcomm Incorporated $QCOM

Key Points

• Robertson Stephens raised its Qualcomm stake by 238.2% in Q4 to 52,032 shares, a position valued at approximately $8.90 million.
• Qualcomm beat Q2 EPS ($2.65 vs. $2.56 est.) and revenue was roughly in line, but guided Q3 below Street citing a memory shortage; the board also approved a $20 billion buyback and raised the quarterly dividend to $0.92 (annualized $3.68, 2.1% yield).
• Wall Street is mixed—the consensus rating is "Hold" with an average target of $172.40, though several firms raised price targets (e.g., Benchmark to $225) as optimism about AI/data‑center deals fuels the rally amid short‑term technical overbought risk.

Robertson Stephens Wealth Management LLC raised its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 238.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,032 shares of the wireless technology company's stock after purchasing an additional 36,646 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Qualcomm were worth $8,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. raised its stake in shares of Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Inscription Capital LLC increased its holdings in shares of Qualcomm by 58.1% during the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company's stock worth $2,172,000 after acquiring an additional 4,799 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Qualcomm by 9.9% in the 4th quarter. Wealthfront Advisers LLC now owns 121,828 shares of the wireless technology company's stock valued at $20,839,000 after acquiring an additional 10,927 shares during the period. Savvy Advisors Inc. raised its stake in Qualcomm by 43.3% in the 4th quarter. Savvy Advisors Inc. now owns 19,102 shares of the wireless technology company's stock valued at $3,267,000 after acquiring an additional 5,776 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Qualcomm by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company's stock valued at $167,082,000 after acquiring an additional 16,738 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research analyst reports. Benchmark increased their price target on Qualcomm from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley restated an "underweight" rating and issued a $146.00 price target on shares of Qualcomm in a research note on Thursday. UBS Group increased their price target on Qualcomm from $150.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday. Evercore set a $179.00 price target on Qualcomm in a research note on Thursday. Finally, Cantor Fitzgerald increased their price target on Qualcomm from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $172.40.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares of the company's stock, valued at $2,245,841. This represents a 16.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 192 shares of the company's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,310 shares of company stock valued at $1,266,729 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $177.00 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.83. The stock's fifty day moving average price is $135.69 and its two-hundred day moving average price is $155.33. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $205.95. The firm has a market cap of $188.85 billion, a price-to-earnings ratio of 19.24 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same period in the prior year, the firm posted $2.85 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts forecast that Qualcomm Incorporated will post 8.18 EPS for the current year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is currently 38.70%.

Qualcomm announced that its board has initiated a stock repurchase program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near‑term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
• Positive Sentiment: Data‑center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data‑center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher‑growth revenue stream. Reuters: Qualcomm shares jump
• Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data‑center story. Wall Street Lifts Qualcomm Price Target
• Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short‑term pullback risk. Barron's: Technicals
• Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
• Negative Sentiment: Below‑consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post‑earnings weakness. Reuters: Forecast underwhelms
• Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5‑1 sale (192 shares); minimal on its own but noted by some data aggregators amid high‑volume trading. InsiderTrades: Insider sale

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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